Hedera Hashgraph, created by Dr. Leemon Baird in 2019, is not a blockchain but aims to compete with them using a structure known as Hashgraph.
The Hashgraph Difference
Hedera Hashgraph uses Directed Acyclic Graphs (DAGs) instead of linear blocks to rapidly process transaction data via a 'gossip about gossip' protocol, achieving consensus through asynchronous Byzantine Fault Tolerance, ensuring security amid threats.
Why Protocols Are Betting On Hedera
Protocols are choosing Hedera for its efficient architecture, high performance, and affordability. Hedera offers sustainable, energy-efficient technology and low transaction fees, making it attractive for ecosystems with high transaction volumes.
Top Applications on Hedera
Hedera's ecosystem includes platforms such as HeliSwap, SaucerSwap, Stader Labs, HashPack, and Red Swan, displaying its diverse applications from decentralized exchanges (DEX) to real estate tokenization.
Hedera Hashgraph promises to change existing paradigms of distributed technologies by integrating speed, security, and sustainability. It represents a powerful platform with the potential for significant growth in the future.
